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Stocks discussed: (NasdaqGS:FB) (NasdaqGS:PYPL)

Nikkei Asian Review reports that three of Japan's largest banking groups - Mizuho Financial Group, Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group - have cancelled plans for a peer-to-peer remittance service linked to mobile phone numbers. The article states that the three groups felt the project had become redundant and that each party preferred to develop their own digital services.

CoinDesk reports that Singapore-based crypto exchange giant Huobi's U.S. sister-exchange, HBUS, will launch USD-to-crypto trading for Bitcoin (BTC), Ethereum (ETH) and the U.S. dollar-pegged stablecoin Tether (USDT), in a bid to expand its North American market. Speaking to CoinDesk, HBUS CEO Frank Fu explained that the company had even more ambitious plans following the aforementioned fiat-to-crypto trading:

"Once we establish partnerships with our institutional clients and put in place the required regulatory and compliance structure, we should be able to offer innovative products and financial services to larger audiences, such as ... potential ETFs and derivatives."

Cheddar reports that Facebook (NasdaqGS:FB) has made its first acquisition in the blockchain space in hiring the team behind blockchain startup Chainspace. Chainspace is known for building a smart contracts platform using blockchain technology. Though having hired some of their employees, a spokesperson for Facebook confirmed that they would not be acquiring any of Chainspace's technology. The spokesperson told Cheddar:

"Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don't have anything further to share."

U.S. crypto exchange and wallet provider Coinbase announced via blog post that they were introducing PayPal (NasdaqGS:PYPL) account withdrawals for European users. The support extends to customers in the European Union and the European Free Trade Association, which includes Iceland, Liechtenstein, Norway, and Switzerland. The post explains how the PayPal support works:

Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/

GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange. You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io

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Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content.Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column and the Cleantech and Climate Change Podcast .